Best Choice Hire Ltd

Best Choice Hire Ltd, based in London, UK, is a small, active company established nine years ago. With three employees and £57,300 in assets, it’s a solo-founded operation led by a single director and owner. The company boasts a perfect 5.0 Google rating from one review, reflecting a high level of customer satisfaction. Best Choice Hire specializes in taxi operation and renting and leasing of cars and light motor vehicles, with a focus on hybrid and electric vehicles. They even import vehicles, parts, and accessories – though only irregularly, with the last import activity recorded two months ago in September 2019.

The company’s website, infobestchoice.co.uk, highlights its expertise in hybrid and electric vehicle hire and sales. They offer both rental and “Rent2Buy” options, allowing customers to eventually own the vehicle they rent. The site also emphasizes free servicing as a key benefit, and showcases a range of Toyota and Honda models. They even have a showroom in The Hyde, NW9, and cater to Uber drivers with "Uber Ready" cars. The website clearly positions Best Choice Hire as a specialist in the rapidly growing electric vehicle market.

Financially, Best Choice Hire Ltd is showing some concerning trends. Current assets have dropped significantly, down 54% to £57,000, and net assets have fallen 8.4% to £160,000. Bank cash reserves have also plummeted 52%, leaving only £57,000. Trade creditors have decreased by 30%, which is a positive sign, but the drop in cash and assets suggests the company is burning through money. Borrowings are down too, which is good, but the overall picture is one of tightening finances. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s agile, but the financial pressures are evident. As a small company, it's exempt from an audit, so the figures are unaudited.

Despite these challenges, Best Choice Hire Ltd appears to be well-positioned to capitalize on the growing demand for electric vehicles. However, the company will need to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09992468, with a registered address at NW9 7DY, England, London, 143 West Hendon Broadway.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.